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How is it already "priced in"? Dividends make calls cheaper and the original premise was a short call. So, you received less credit for your short Call because of the dividend. If the call is exercised on the day before ex-dividend the next day you will be short the stock and have to pay...

Right.

You are right to be confused because some of the notes in this thread appear incorrect. Like you say, If you own the stock then you have a covered Call and there is no requirement to pay the dividend.

I am not sure if you agree or disagree with me. When you say that "Calls fully factors in the dividend" does that mean they are cheaper (my position) or more expensive? Relative to your "sell the Puts before ex-dividend" statement: Puts are more expensive when a dividend is pending and...

I don't follow your logic if you are talking about Call options (which was the original premise). That is, your reply implies Calls are more expensive because of dividends. However, as I recall dividends make Put options more expensive and Call options cheaper. Am I missing something?

What you are seeing is your offer price reflected as the "Ask". When you cancel your offer the next best offer is then shown and that could be the MM's. I can't imagine what the other replies you got are talking about.

I don't think Mutioption has any problem. If you read his post carefully you can see that he was talking about Ned Benneth, not Ned Bennett. Multioption, you can cancel your appointment with F. Lee Bailey.

There is a Phil Bennett who is currently an Executive Vice President/Customer Service at OE. So unless he is moonlighting as the CEO of REFCO I suspect they are two different people.

I don't think that you are correct that a qty one 25 point spread is equal to a qty 2.5 10 point spread assuming that you can get the same total price for both. The qty one 25 point spread is a much better deal because to lose all your money the market would have to fall 15 points farther...

Thanks, I'll take your word for it. Last time I sent IB an email question they never answered it.

I have used MS Money for years and have a lot of problems when I download broker statements. Without getting into the gory details I'll just say the Money does not have good tools for handling these downloads. I gave up trying to make the direct download work. However, I have had some success...

I have just opened an IB account but I have not yet funded it. I would be concerned if there is no easy way for me to construct a Sched D as is apparently the case. If a simple P/L analysis for each closed trade was available with dates and price details that would be a good start. However...

According to the CBOE web site the NDX settled at 1591.92. 1574.57 was the August NDS. Don

The OE screener has a selection parameter where you can specify the minimum (or maximum) dollar value of a stock. This should eliminate penny stocks for you. I don't see a similar feature for their Dragon tool, but the Screener tool can simulate many of the Dragon functions. Don P.S...

You have to request routing privileges. I happened to stumble upon this about 2 years ago when I asked "why do you the show the customer the B/A for each exchange". I don't think they advertise their routing capability probably because they get paid for routing by the exchanges. I rarely use...

OptionsXpress does allow you to route trades to the exchange of your choice. I'm not sure why you say that you cannot trade actively with a website broker (meaning HTML based). If you have a halfway modern computer and broadband access I don't see a problem. I get instant responses and...

I use OX and am very happy. Their commissions are a little high if you trade less than 10 contracts, but they have an active trader discount requiring only 35 trades per quarter. This discount lowers the cost to $1.25 per contract with a $12.95 minimum. OX gives me good fills especially on...

If the shares were available to short then you would think that they were not tendered. So I would argue that he should not have to pay the tender. However if those shares were tendered at the last minute it could be a bone of contention. My argument would be that this was not a dividend and...

Unless there was a contract adjustment, and I don't think there was, you would not be required to cough up the tender amount. Anyway if the shares were tendered I don't think they could be borrowed for shorting.